U.S. Natural Gas Futures Steady After EIA Reports 144 Bcf Storage Withdrawal; Rubio Signals Firm Gaza Strategy

Natural Gas Market Overview - The U.S. Energy Information Administration (EIA) reported a domestic natural gas storage withdrawal of 144 billion cubic feet (Bcf) for the week ending February 13, 2026, which was slightly lower than the expected 149 Bcf draw [2][9] - Natural gas futures experienced a modest increase of approximately 0.4% following the report, as the data was largely in line with market expectations despite ongoing winter demand [3][9] - The total storage deficit remains at about 123 Bcf compared to the five-year average, although strong production levels averaging around 110.2 Bcf/d are limiting price increases [4][9] Production and Supply Dynamics - U.S. dry natural gas production has been robust, averaging around 110.2 Bcf/d, which is helping to offset the storage deficit [4] - Feedgas nominations for liquefied natural gas (LNG) terminals are strong, with figures around 19.3 Bcf/d, indicating healthy demand for LNG exports [4] Geopolitical Context - U.S. Secretary of State Marco Rubio emphasized that there is "no Plan B for Gaza," highlighting the administration's commitment to its current diplomatic framework as essential for regional stability [5][6] - The U.S. is leading an international initiative to establish a stabilization force and a $5 billion reconstruction fund for Gaza, which is being closely monitored by investors due to its implications for global energy security [6]